CNBC reports that regulated event trading platform Kalshi has launched tokenized event contracts on the Solana blockchain, extending its real-world prediction markets into a fully on-chain format. According to multiple market news accounts, bettors can buy and sell tokenized versions of their Kalshi event wagers on Solana, which serves as the settlement layer for thousands of regulated event markets. This makes Kalshi’s product accessible to crypto users who want to trade event outcomes via tokenized positions. New reports add that Kalshi is working with Coinbase to custody USDC for the platform, integrating a major centralized exchange into its infrastructure for dollar-backed settlement. The collaboration uses Coinbase’s USDC rails alongside Solana’s high-throughput network to support on-chain trading and settlement of these tokenized event contracts. [Update 1] - Added details that Kalshi is partnering with Coinbase for USDC custody and dollar-backed settlement. - Clarified that thousands of Kalshi markets are being brought on-chain in tokenized form, using Solana specifically as the settlement layer for these event contracts.